Are there any changes to the income limits for Roth IRA contributions in 2022 that impact cryptocurrency holders?

1 answers

• Holman VendelboOct 24, 2023 · 2 years ago
  As an expert in the field, I can confirm that there have been changes to the income limits for Roth IRA contributions in 2022 that may affect cryptocurrency holders. The IRS has updated the income limits for eligibility to contribute to a Roth IRA, and these changes can impact individuals who hold cryptocurrencies. For single filers, the income limits range from $125,000 to $140,000, while for married couples filing jointly, the income limits are between $198,000 and $208,000. If your income exceeds these limits, you may not be able to contribute to a Roth IRA. However, if you fall within the income limits and hold cryptocurrencies, you can still take advantage of the tax benefits offered by a Roth IRA. It's always recommended to consult with a financial advisor or tax professional to understand how these changes specifically apply to your situation and to make informed decisions regarding your investments.
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